An actor invested some money at 8% simple interest, and $49,000 more than twice the amount at 11%. The total annual intrest earned from the investment was $28,790. How much did he invest at each amount?
An actor invested some money at 8% simple interest, and $49,000 more than twice the amount...
Claire invested some money at 4% simple interest and twice that amount at 5%. her total interest was 490. how much did she invest at each rate?
Consider an investment where $49,000 is invested for 15 years at 8% compounded continuously. How much will this investment be worth after 15 years? (Round your answer to the nearest cent.) What is the total amount earned in compound interest? (Round your answer to the nearest cent.)
In planning her retirement, Liza deposits some money at 33% interest, with twice as much deposited at 44%.Find the amount deposited at each rate if the total annual interest income is $14301430. She deposited $___ at 33% and $____ at 44%.
Brief Exercise G-1 Jozy Altidore invested $7,500 at 8% annual interest, and left the money invested without withdrawing any of the interest for 11 years. At the end of the 11 years, Jozy withdrew the accumulated amount of money. Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What amount did Jozy withdraw, assuming the investment earns simple interest? Accumulated amount (b) What amount did Jozy withdraw,...
Brief Exercise G-01 Bramble Altidore invested $8,500 at 8% annual interest, and left the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Bramble withdrew the accumulated amount of money. Click below to view the factor tables. Table 1. Future Value of 1 Table 2. Future Value of an Annuity of 1 Table 3. Present Value of 1 Table 4. Present Value of an Annuity of 1 (For calculation purposes, use...
Solve the problem by using a system of equations. (Objective 4) Sam invested $1950, part of it at 6% and the rest at 8% yearly interest. The rearly income on the 8% investment was so more than twice the income from the en investment, now much did he invest at each rate? investment at 6% investment at "% S Sutmit Arswer Save Progress Practice Another Version
sam invested 2100, some at 8.6% interest and the rest at 10%. how much did he invest at each rate if he received 201.60 in interest in one tear?
21. A total of $10,000 is invested in two accounts, one If the interest earned for the first year was paying 5% annual interest and the other 6%. $540, how much did she invest in the account paying 5%? 21. A total of $10,000 is invested in two accounts, one If the interest earned for the first year was paying 5% annual interest and the other 6%. $540, how much did she invest in the account paying 5%?
Brief Exercise G-1 Jozy Altidore invested $7,100 at 7% annual interest, and left the money invested without withdrawing any of the interest for 12 years. At the end of the 12 years, Jozy withdrew the accumulated amount of money. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What amount did Jozy withdraw, assuming the investment earns simple interest? Accumulated amount $ (b) What amount did Jozy...
Fifteen years ago, Hailey invested $5,000 and locked in an annual interest rate of 6 percent for 30 years (ending 15 years from now). Aidan can make a 15-year investment today and lock in an interest rate of 8 percent. How much money should he invest now in order to have the same amount of money in 15 years as Hailey?